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political debates in washington and around the country has been whether barack obama is a highly partisan democrat bent on lib ram agenda or a centrist searching for compromise. it's still early in his second term, but he's recently made moves that seem to answer the question. obama could easily choose a partisan strategy that would be politically effective. don't make deals with the republicans on immigration or entitlement reform and go into the 2014 congressional elections with those problems still alive. with no deal, democrats could campaign as the guardians of medicare and advocates of immigration reform, both electoral winners. that's why some democratic senators have begun to make demands well beyond what republicans can accept. but obama has chosen the second path. two weeks ago, as soon as a group of republican and democratic senators joined forces behind a unified approach to immigration reform, obama signaled his support for it. and this week in urging congress not to allow the so-called sequestration process to force spending cuts, the white house said that obama's budget pro
exchange with a senior obama administration official who didn't like what he was reporting. today we learned that that official is gene sperling and we're getting some new insight into that exchange as white house officials are going out of their way to say it's all part of a big misunderstanding. let's bring in our chief white house correspondent jessica yellin. she's been doing some digging, reporting on what's going on. what's the latest, jessica? >> reporter: book woodward and gene sperling had a phone call first and then an e-mail exchange. bob woodward said he felt it was threatening and the white house is saying that is ridiculous and a seener adviser, david pluf, is sort of mocking bob wood ward sending out a tweet comparing him to an aging sports star. watching woodward the last few days is like watching mike schmidt facing live pitching again. perfection gained once is repeated. ouch. here's what the drama is all about. an intimidating threat or a friendly exchange between a reporter and a white house official? >> they are not happy at all. >> reporter: at issue, a spat ove
scale. there's new pressure for president obama to retaliate against china after reports say the chinese army has been behind a series of cyber attacks on the u.s. the white house is reporting considering fines and other trade penalties. china denies any involvement, but hacking, those stories are big today. back to you, nicole, you're watching google the day after it it broke above 800, where is it? >> yeah, hey, well, let's talk about google, right? hey, i was checking on it, 8.07 was the high and new hundred level and he's he shouting his opening trades and you can see it above the 800 mark at 805, a good one. stuart: and it broke above 800 on our air as of this time yesterday. nicole, yahoo! what's with it, a new look or something, what's that? >> a new look and the stock is up about 1/2 a percent for yahoo! and that's one that we'll watch as the new look as well on their site. so, keep an eye on that one as well. when i think about google though, i have to double-check, but when that initial public offering happened, i think it was like $84 or something. stuart: yes. >> and it's at
." >>> congress did it, congress can undo it. president obama is warning of dire consequences for all of us in lawmakers don't act quickly. we're talking about those forced budget cuts that take effect march 1st, slashing $85 billion from spending across the board this year. but with just ten days left, the consequences are backing more alarming. president obama outlined some of them today, told congress, let's make a deal while there is still some time. >> my door is open. i've put tough cuts and reforms on the table. i am willing to work with anybody to get this job done. none of us will get 100% of what we want. but nobody should want these cuts to go through because the last thing our families can afford right now is pain imposed unnecessarily by partisan recklessness and ideological rigid tea here in washington. visually, the president tried to make that point by having law enforcement officers standing behind him. many of them could lose their jobs. our joe johns is covering that with the different ways that the budget cuts could directly affect you. we also have renee marsh covering
of the united states, michelle obama. [applaus [applause] >> thank you, jack, and welcome to the white house, everyone. stuart: there you have it. thunderous applause the first lady making a surprise appearance. the first time a president or first lady appeared there. remember, hollywood has been a big backer of president obama and a big time producer and backer harvey weinstein reportedly set up the whole thing. please don't forget, hollywood gets hundreds of millions of dollars of subsidies from the feds. and one other oscar item for you this monday morning, the gift bags just for attending the oscars celebrities get free stuff. the irs says those gift bags are taxable. they are taxed heavily on this year $47,000 worth of gift bag goodies the tax is $20,000 plus, that will be federal and california taxes and the celebs have to pay even if they don't take the bags home. all right. this got a lot of play on "varney & company." those google glasses have the heads up display showing everything from text messages to the weather forecast right in front of your eyes, cool, maybe, but could they p
president obama withdraw the nomination of chuck hagel to be the next defense secretary. 15 republican senators signed a letter arguing it would be, quote, unprecedented, unprecedented for a secretary of defense to take office without a broad base of bipartisan support. let's bring in dana bash. she's working this story for us. the critics of chuck hagel, and there are many, they are not giving up? >> they are not. and that's really what this is about. this is about hagel's harshest critics to say that they are not happy. it's a big deal. they are saying, mr. president, please withdraw it. if you look at these faces, they are the most conservative members of the senate so it isn't surprising that they would be this aggressive on what has really become a partisan issue and they know what that what has happened in this recess -- the senate is in recession -- is that some of their fellow republicans have come out and said, we will allow this to go forward. so they know it's not technically going to be possible for them to stop it but the votes, they thought maybe if there was a bombshell
were advanced and beyond what the democrats were able to do. the democrats under obama have caught up and far surpassed when republicans are able to do in terms of both gathering data, but then analyzing it and putting it to use, either to turn voters out, to discourage voters for the opposition from showing up, and in addition to that using social media as a way to harness support among the electorate in general. i think there are many areas here where republicans know they have to improve, but they've got to figure out how to do it, and what the chairman is doing both in visiting facebook, talking to technology experts in the bay area of northern california, and he'll be in washington state in seattle to talk about early voting in general. there, jon as you remember democrats are just a lot better right now at turning out voters for early voting. why that's so important, sometimes it's hard to convince somebody to show up on one day out of 365. but if you've got four weeks to work them over you can get them out to vote and end up with more voters. jon: success r- mark zuckerberg is
. they are very different. good morning, everyone. tonight president obama gives what is being called an aggressive state of the union address. it's been widely leaked. he will call for robust government involvement in the economy. more spending on education, infrastructure and green energy. pay for it with more taxes on the private sector and on the rich. the president says the government can rebuild the middle class. on capitol hill there will be numerous standing ovations, but 80% thinks that the opportunity for the next generation is disappearing. more than half think the economy will never fully recover and just as the president demands more spending, he reports waste and fraud in the program is put in place. there you have it. the great divide. that's perhaps the true state of the union. stay right there, "varney & company" is about to begin with dr. ben carson. >> all right. everybody, the headline of this morning is dr. ben carson, the man who lectured president obama at the national prayer breakfast last week. he joins us right now. dr. carson, you've taken a leadership role
here that this was a national security failure. >> late today, president obama said chuck hagel is imminently qualified to be secretary of defense. the president says he deserves a vote and predicted eventually he will get confirmed. >> bret: mikes, thanks. we just got word from the pentagon that panetta is heading to california tonight, to monterrey. the ride is also getting bumpy for the president's choice as top spy master. the complication and confusion continues to multiply surrounding what happened last september 11. both in libya and back here in washington. chief intelligence correspondent catherine herridge has an update. >> the president's pick to lead the c.i.a. counterterrorism advisor john brennan faces new and up comfortable obstacles about the benghazi terrorist attack and the administration handling of the suspect al-harzi. this letter pushes them to explain disparity between his sworn testimony and that of former secretary of state hillary clinton. >> they insisted that the tunisia authorities did not have the evidence to keep him in custody. >> tunisias did not
-- work for facebook and left in order to work for the barack obama campaign. that is something that was anything but short and was consistent with the kind of things chris hughes has been talking about which is trying to live a life would have a genuine impact, a direct positive impact on delighting hour the words that you have yours. less than a year ago, he purchased dominant control of a publication in the new republic that was also in failing health and has made a awful lot of dust and caused a lot of interest because he was not only publisher and editor-in-chief but he was actively engaged reshaping it and had career ambitions to make the new republic something that would be among the most influential and the most important idea magazine in the country. he is serious about high-quality journalism. that is the thing that he talks about again, but his focus is not just about digital technologies. he has taken this venerable institution and profession, journalism, and is looking at them informed by his deep knowledge of digital technology in the digital world, but also with a
. for two reasons, ali. first of all, president obama is in the sweet spot of his presidency, the moment of maximum leverage that occurs for a president right after re-election. basically around 18 months at the start of a second term where a president can push through almost anything he wants. second of all, he's positioned to pull a nixon in china. just as only a committed anti-communist like nixon could go to china, someone like a pragmatic aggressive like president obama could appeal to his base and still get tough entitlement cuts through as part of a grand bargain. this is a moment of rare opportunity but it takes presidential leadership and that, frankly, has been lacking. >> one approach that republicans have put forward is the idea of a balanced budget amendment. >> the real cause of our debt is that our government has been spending $1 trillion more than it takes in every year. that's why we need a balanced budget amendment. >> republicans, margaret, are not blameless in this, bush era tax cuts, wars in afghanistan and iraq are major drivers. the spending cuts that a balanced bu
cities. siemens. answers. >> the big story this friday morning, finally, someone asked president obama a question about gas prices, but we'll start with the price today. it's up again overnight. 3.78 for regular as of now. that's almost 60 cents higher than a month ago and remember, an economist told us earlier this week that for every penny gas goes up. it's like adding 1.2 billion dollars in taxes a large chunk of the population already spending $4 for a gallon of gas. d.c. joins new york and california in a $4 club, illinois, connecticut are almost there. all right, now, that question to president obama, the answer to high gas prices is simple, he says, we need to use less oil. >> one thing that we're going to have to do is keep on making our overall economy use less oil. and we've got fewer oil imports now than we have in a very long time, but there's more work to do and unfortunately because of worldwide demand, oil prices are going to keep on going up and down until we put in place some of the energy saving proposals that i have talked about during the the state of the union. stu
already took votes and blame democrats in the senate and president obama. >> what the president failed to mention was the sequester was his idea proposed by his administration during the debt- limit negotiations in 2011. >> reporter: meanwhile, democrats say republicans want too many spending cuts in their long-term budget plan. no matter who is to blame, the department of homeland security says they could be in trouble. we could see problems with border patrol and security for starters. live in washington, kyla campbell, ktvu channel 2 news. >>> 7:16. california senator dianne feinstein trying to win support for her assault weapons band by circulating a list of guns that would be exempt. senator feinstein says the purpose of the exempted guns list is to make clear that this would not affect hunting and sporting weapons. her bill would ban 167 specific firearms designed for military and law enforcement use. it would also ban ammunition magazines that hold more than 10 rounds. >>> a family in illinois is in shock. their teenagedder -- daughter was -- teenaged daughter was gunned down fo
be a threat? also in a few minutes u.s. senate expected to vote on chuck hagel president obama's controversial nominee for defense secretary. we'll bring to it live. more on what's going on in egypt right now. a holt air balloon carrying lots of tourists explodes and plummets to the ground. we're finding out how this could happen. we're going live to egypt. i'm wolf blitzer. you're in "the situation room." >>> we begin with the huge winter storm, the national weather service is now calling historic. cities like amarillo, texas, wichita, kansas have broken snowfall records. 45 million in 21 states are being affected one way or another. the storm is blamed for at least three deaths. look at this. it's even dangerous after the storm blows away. in kansas city, the heavy wet snow is causing roofs to collapse. nobody was hurt in this building. but the snow is also bringing down tree limbs on to power lines. in kansas city thousands of people are reported without power. george, what's going on? >> reporter: this is par for the course here in the midwest. this is the second time in a week that this r
begin to take effect at week's end. president obama, speaking at a shipyard in new port news, virginia, delivered fresh warnings today that the spending cuts would result in painful, self-inflicted wounds. >> because of these automatic cuts, about 90,000 virginians who work for the department of defense would be forced to take unpaid leave from their jobs. so that's money out of their pockets. money out of their paychecks. and then that means there's going to be a ripple effect on thousands of other jobs and businesses and services throughout the commonwealth. >> ifill: the president pressed for a compromise that combines targeted spending cuts with increased tax revenue. >> there are too many republicans in congress right now who refuse to compromise even an inch when it comes to closing tax loopholes and special interest tax breaks. and that's what's holding things up right now. >> ifill: the administration announced today another response to the impending cuts. the release of hundreds of detainees held at immigration detention centers. republicans called it a ploy. and back at the c
their money on president obama when it comes to the cyber security war. dagen: another cold glass to our nation's heartland. connell: the tough decisions that need to be made when a company's brand is engulfed in scandal. dagen: it is the top of the hour. nicole: i am watching a market that really continues to sell off. there are concerns about whether or not the fed will hold the stimulus at any point. today you have accelerated selling. we are down about 57 points. the dollar remained to the upside. i am seeing most sectors lower. a lot of groups under. back to you. connell: the secretary of defense leon panetta is now warning that the pentagon is planning a partial virgo. dagen: to wait in "wall street journal" board member, jason riley. if you look at, it will only be about 45 billion discretionary mandatory cuts. >> we are talking about 7% in defense, 5% and domestic spending. the sequestration goes through, you know, the first responders will go away. cities will burn. border control, at this rate, illegal immigrants will raid this country. connell: you think it is basically no big
immigration bill. a copy of president obama's plan has been leaked. illegal immigrants would be allowed to become permanent residents of this country in eight years. marco rubio had this to say. the president bill would be dead on arrival in congress leaving us with unsecured borders and a broken legal immigration system for years to come. stephen moore joins us now from washington, d.c. do you think that the white house plan really does throw a wrench into reaching any kind of bipartisan agreement? >> i think this was a real setback. this is very delicate negotiations. you need to find a way to let more immigrants into this country. you need to have a way where people who have been here to have a path to legalization. it has to be coupled with tougher border security. everyone knows that. for some reason, the president is basically saying, we will not move forward with the border security, but we will with these other elements. i think that is a killer. i think marco rubio is right. dagen: why leak it in the first place? in washington, there is always a reason that things come out. >>
to reform entitlements. >> president obama is talking about the forced spending cuts later today in a shipyard in new port news, virginia. an estimated 40,000 civilian defense department jobs in the region could be furloughed if those cuts do come down. >> on pope benedict's final week as a member of the catholic church, a string of child sex abuse cases emerge. cardinal roger mahoney of los angeles will be part of the conclave despite damming new revelations about his handling of pedophile priests. then there was yesterday's stunning resignation of a uk leading catholic cleric, archbishop keith o'brien amid accusations of boys studying to be priests, a claim he denied despite stepping down. pep benedict's last day is thursday. he's the first pope to resign in some six centuries. >>> this year's cpac is giving new jersey governor a potential 2016 presidential contender chris christie the cold shoulder. a source close to the conservative political action conference, this is an annual meeting where republicans get together and talk about conservative issues, organizers did not invi
here in washington. >> reporter: speaking in front of the nation's governors, president obama called on every elected official to act. >> all of us are concerned about our politics, both in our own parties as well as the other par party's, but at some point we have to do some governing. >> reporter: a couple of key republican leaders are coming to the white house about meetings but it's not on sequester. it's on immigration. lindsey graham and john mccain coming here to talk about immigration. no talks to prevent the sequester kicking in on friday. >> with just a few days to go. chuck todd, thank you very much. >>> let's get a check of the other top stories of the day. natalie morales is here with that. >> good morning, matt and savannah. good morning, everyone. defense secretary nominee chuck hagel after republicans stalled his nomination, the former gop senator is now back on track to win confirmation and succeed leon panetta. >>> violence in civil war this morning as a massive explosion rocks syria, hours after president bashar al assad's regime said it was prepared to hold talks
. the super bowl is suddenly a good sporting event. >> i know. >> to politics, president obama takes his push for new gun-control measures on the road to minneapolis today where he'll share ideas with law enforcement leaders on how to curb gun violence. this as nra's chief executive, wayne lapierre, continued his spirited defense of gun rights this weekend. speaking with fox news's chris wallace about that controversial nra ad that brought the president's children into the gun debate. >> the president's kids are safe, and we're all thankful for it. >> they also face a threat that most children do not face. >> tell that to the people of newtown. tell that -- >> you really think that the president's children are the same kind of target as every schoolchild in america? that's ridiculous and you know it, sir. >> you know, unfortunately, i think there are parents all over the school that -- all over the country that think their kids are entitled to the same amount of protection when they go to school. >> so they should have secret service? >> no, but what they should have is police officers or cer
, and that in other countries, cyber attacks have plunged entire cities into darkness. >> president obama didn't say which country had been plunged into darkness by computer hackers, but we found out. it was brazil. we also found out that hackers have been infiltrating everything from our defense networks to the financial systems. bank robbers are now stealing more money with computers than they are with guns. >> this map is showing a visual representation of where all of the known infections of conficker are across the world. >> computer analysts say it's like a sleeper cell, and it may be poised to suck sensitive data out of millions and millions of computers. >> it takes time to read the manuals. i'm gonna save you that time. 'cause i stay home on saturday nights and read them for you. >> you and the rest of the geeks? >> there's millions of us out there. >> everybody, let's hear it! geek squad! [cheering] >> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we take a look at technology. we examine how breaches in digital security threaten everything from weapons systems to bank ac
, steevkamp was cremated. >>> new this morning, president obama will be holding a white house event. in fact, just 45 minutes from right now, -- from right now to pressure congress about the spending cuts to kick in march 1st. the president will be urging congress to avoid the budget cuts known as the sequester for the debt reduction plan that would include spending cuts and higher tax revenues by closing loopholes. however, republicans are insisting on a plan with spending cuts only? back here at home, first it was palo alto police doing an online outreach. this morning, city firefighters are holding their own virtual ride along. janine de la vega is live with more on this high-tech event. >> reporter: we're here at fire station 1. this is the bussest fire station in -- busiest fire station in palo alto. one of the engines and ambulances will be taking us on a virtual ride along. if you follow palo alto on twitter, right now, they have 400 followers but they are hoping to gain more. to tell us more about why they want to do this, we're joined by the deputy fire chief here. why are you doing
obama says he wants a big deal on budgets and debt. he won the battle for public opinion. he won a second term while congressional approval continues to be super low. is there something more he could be doing to end the small thinking about big problems that has become the norm in our nation's capital? >> he still wants the grand bargain he's been talking about for several years. this past week he came out and said we need another temporary fix. the term sequester is essentially a fancy word for the president and congress not doing their jobs. you laid it out pretty clearly. the president is late submitting his own budget. so he's part of the problem, too. but he does have the upper hand in the public opinion right now. but republicans are very wary. they think the president just wants more revenue and modest cuts, but he won't do the big structural things to medicare, to social security that are necessary for any part of grand bargain. we're in the game of chicken. another thing is happening, pollsters say every time we do this, consumer confidence starts to go down and consumer
sense. with president obama going out there saying he wouldn't let a son play in the nfl, i'm not sure. >> you see that there is a lot at stake here. >> exactly. >> all right, guys. as the dudes on the panel here, football is associated with aggression and the manly man thing and the locker room talk and all that, you see women fitting in. >> i'm stunned that the nfl has not done anything about it. a lot of money to be made off of this kicker. >> jacob, is it an issue of opening the gates and the women can go after the nfl or is it an issue of really being an outstanding female athlete? she hasn't played football and soccer, but being an outstanding female athlete and being able to play with the guys. >> great that the nfl opened this opportunity for women to try it. first of all, she is probably a far better football player than i will ever be. it's because of the fact that i am a guy, i will have a chance to play the rules to get into a tryout. it's inspiring. realistically, who knows. we will see from my sisters around the country, they want to be active in sports. >> you see this o
have your fox news minute. president obama has extended his prayers and appreciation for pope benedict. he is citing his age and failing strength as his reason for resignation. pope benedict will step down after eight years as pope. a suspected gunman and two women are dead after shots were fired this morning inside the lobby of a delaware court house. our local affiliate is reporting that the gunman was at the courthouse for a child support hearing. his estranged wife was one of the people that were killed. cleanup is underway this morning in mississippi after an overnight tornado. at least three overnight tornadoes tore through that city. they had at least 100 homes and buildings. no fatalities have been reported. more than one thousand people are now injured. those are your headlines. that to lori and alyssa. lori: thank you, heather. melissa: graduation in february. liz claman is live with rob portman. liz: that is senator rob portman family business. you know all about small businesses and certainly the challenges. goldman sachs saying we are stepping up this business. >> it is gr
with the president obama. the white house says they will discuss the need for a balanced plan, tax increases and spending cuts to replace across the board government cuts beginning on friday. republicans suggest that is little more than a photo-opportunity. on white house, and democrat continue to warn of significant consequence if republicans fail to sign off than their proposal. >> republicans appear poised to make the biggest mistake at all. they let the sequester painful, arbitrary cuts take effect. across the country, meat inspectors, fbi agents, border patrol agents will be furloughed. >> it is absurd the government can not get by with a little more than a 2% reduction in spending when every working american -- >> senate votes tomorrow on democratic an republican bills to replace the automatic spending cuts. neither is likely to pass. back to you. lori: so rich, is the senate doing what john boehner told it to do, to get off its rear? >> i saw them walking around. so literally yes. melissa: wrel done. very quick. i like that. all right. ratings agency fitch, saying the sequester won't
discuss his paper. >> in a few moments, president obama offers a reward for action in afghanistan. in an hour, a look>> after thatf journalism at digital media with the publisher and editor in chief of the new republic. and later, a bipartisan group on federal spending and debt reduction. >> having observed a steady improvement in the opportunity and well-being of our citizens, i can report to you that the state of this old and youthful union is good. >> in keeping with time-honored tradition, i have come to report to you on the state of the union. i am pleased to report that america is much improved. and there is good reason to believe it will continue. >> my duty tonight is to report on the state of the union. the not of the state of the government but of our american community. therefore, set forth responsibilities to form a more perfect union. the state of the union is strong. >> as we gather tonight, our nation is at war. our economy is in recession, and the civilized world faces unprecedented danger is. yet the state of our union has never been stronger. >> it is because of
, a week from now, president obama is going to do his state of the union address, okay? typically the market doesn't respond well when the president talks. then we're going to start to get into some of the nitty-gritty, some of the spending issues. that would be a perfect opportunity for the market to give half of that back. so we've had a 6% rally. why not, you know, reclaim three of that percent over the course of the next few weeks. >> do you feel like we're acting a bit bullish with regard to the markets? i get the feeling it's more buying from kaufton as opposed to selling at this point, right? >> i think that's right. first of all, you've approached a couple of psychological hurdles on the dow and the s&p. we've seen what earnings season is going to give us. we're approaching the sequester cuts on march 1st and there is an increasing belief that they're going to be triggered. and so when you add on to that the fact that payroll taxes went up and the economy is going to be pretty sluggish here in the first half of the year. so i agree with phil that we're probably going to gi
. nemo dumped up to three feet of snow in some areas. president obama has declared connecticut a disaster area, which makes it eligible for federal aid and at least 15 deaths are blamed on the storm. travel delays are easing. amtrak says it will have limited services in new york and boston. it's not the typical story you hear about in the u.s. in february as tornados tear through mississippi. >>> three companies biggest investors have joined southeastern management's objecting to the deal. but the latest edition, 14% now say they'll vote against the buyout. as far as dell's stock is concerned in frankfurt, it is still up 2%. >> eric schmidt is cashing in. the google claim has filed to sell 42% of his shares in the company. he will sell shares through a regular trading plan spread out over a year to reduce the market impact. analysts say it could hint at him playing a smaller role in the company going forward. schmidt handed the reigns to larry paige in 2011. google shares down about 0.8%. still up about 11 fers, 12% over the last six months. different story than major competitor apple. >>
president obama who visited with the democratic members of the united states senate in annapolis and it was the issue we talked about the most. how are we going to deal with our budget deficit? i could talk about how we got here, the policies that led to these deficits but i'm not going to harp than because we have to figure out how we're going to move forward. i will emphasize one point. this deficit was not caused by our federal work force. you are not responsible for their deficit. \[applause] >> we could talk about the policies of going to war and how we pay for it, etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending and how we were going to deal with longer term solution that is required to us deal with revenues and mandatory spending and i ask your understanding as we pass the budget control act. and at the we were anal
of the titans. >>> and japanese prime minister shinzo abe is heading to walk to talk to president obama. just what kind of reaction can abe expect from washington? we'll give you a preview. >>> before all that, let's recap what's happening in markets. we've seen more activity, in fact, higher volume over the last couple of sessions, really, than we've seen for much of the year. the volume is coming on a sell-off. u.s. markets fell yesterday following the release of the fed minutes. it was the worst day of the year for the s&p and nasdaq. as you can see, shedding 108 points there, a rare triple digit decline this year. energy and material stocks were the worst hit. all ten s&p sectors did hit the day lower. volatility on the rise. the vix rose nearly 20% on this session. the sell-off has continued overnight. the shanghai composite, the australian markets taking it on the chin. will i sixuan joins us from singapore. >> thank you, kelly. fears of an early access by the fed rocks sentiment here in asia today. the nikkei pulls back 1.4% from its 52-month high. investors remain cautious ahead of th
. the pentagon, the obama administration actually trying to cope with that very question, christine. if you call this a war, what are the battlefield rules? if they attack us, if they try and get into u.s. banking systems, what are the rules for the u.s. to retaliate? would the u.s.? a battlefield situation try and take down another country's economic infrastructure, possibly having the impact of denying water, power, electricity to a population and a country we're at war with? these are the fundamental questions the pentagon is trying to cope with. for now, the obama administration has a new spiesh poli -- new cyberpolicy where they're trying to classify more information about the threat with u.s. business and industry so that the u.s. infrastructure has a better idea of what's going on. >> this mandate report doesn't just come out of the ether. we have had years -- barbara, you've been covering it, chris, you, too. years of reports of chinese lasers blinding satellites that are orbiting could essentially shut down the american financial system. right? we've had all kinds of reports of espionag
are surprised. when president obama talks about abuse in medicare, somehow he is talking about medicare advantage. the administration should not be surprised that you have these bigger than expected cuts right here today on the reimbursement. dagen: to kind of look at it a picture, is this an effort by the government, either by the white house, to kind of chip away at even more the private option within medicare? >> i think you are absolutely right. the more there are other choices, the more people -- it has been working. the overall plan has come in significantly under budget. significantly under expectations. some of the allies do not like it. i do not think it is the right way to reform medicare spending. dagen: do you think, though, that the democrats will ever tackle cutting medicare spending? people are not paying in to medicare as much as they are taking out. how would you go about it? again, the dr. payments keep getting kicked down the road. when will these big picture cuts ever happen? >> look, i think you described it perfectly right. people are taking more out of the system
of a back-and-forth towing the state of utah and the department of health and human services and the obama administration as to what does and does not comply with addict tapes of the affordable care act. it's not the only state in that quandary but utah having something on the ground in the field. shortly he will be talking about the utah exchange and place it in the larger context of what should represent an innovative state-led health policy reform and also talk a little bit about utah's approach to medicaid reform and a difficult process of getting the federal government to provide flexibility for the states in the state of utah's overall leadership role in promoting patient-centered health care. as some of you may recall last month and it's not a widely recorded story the obama administration asked the decided once again to change the product and change the name. so they decided in mid-january that they didn't want to call it health exchanges but they would now have what we call health marketplaces, marketplaces without our kit perhaps. the official explanation for this was that it was
, president obama will attempt to pitch the job to firefighters against further raising taxes on the rich. ers kin and bowls will be here with a solution to the sequester. we'll talk about google as it nears $800 a share. and the company that has written detailed reports on how the chinese are hatching american industry. will join us live in the next hour of "squawk on the street." >> all right. make your past to post nine. >> they did it with the offering. this is holding. freeport did its giant equity offering and moves all the way down. eye a buyer here. >> goldman up on gnc. >> gnc has been remarkable. this is like herbalife is a supplement company. sh a retailer people just love and i think it goes higher. >> gilliad. >> when does it quit? the answer is never in an environment where you still get slow growth and they've got a lot of good stuff in the pipes. >> biomarin. >> this is one of those companies that has been a specialist in or fan drugs. i've had them on air on "mad money." they are a remarkably good cup. >> arco. are they in apple, are they out of apple? i think they're in apple
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